Eagle Releases Next Software Generation, Version 10.0

BOSTON, March 24 /PRNewswire-FirstCall/ -- Eagle Investment Systems LLC, a leading provider of financial services technology and a wholly owned subsidiary of BNY Mellon, today announced the availability of Eagle Version 10.0 (V10.0), a major technical and functional upgrade of its integrated suite of data management, investment accounting, and performance measurement and attribution solutions.

As part of Eagle's commitment to product innovation, it regularly evaluates and integrates new features to support today's evolving financial services industry. Eagle's V10.0 offers clients a broad array of important benefits including increased scalability, updated reporting to comply with industry regulations such as International Financial Reporting Standards (IFRS), new global instrument types, and enhanced reporting and delivery.

With each release, Eagle enhances the workflow and system architecture that underlies its investment management solutions ensuring its products run most efficiently and reducing its clients' total cost of ownership. Overall, the suite has been updated to provide more efficiency and optimization based on benchmark and stress tests performed over the course of last year. To address the processing needs of business lines with a high volume number of accounts, the entire suite now supports application partitioning. Seamless to end-users, partitions are leveraged to provide a predictable, highly scalable, cost-effective solution.

A number of clients have initiated deploying V10.0 to gain access to the new functionality and technical enhancements, including Causeway Capital Management, which is currently using the latest version of Eagle's data management and accounting platform.

"We are pleased to be on Eagle V10.0 and believe it strategically positions us to further streamline and automate our workflows while enhancing our systems controls," said Pete Petersen, director of technology at Causeway Capital Management. "The technologies embedded in the architecture create opportunities allowing for a more efficient integration between Eagle and many other third-party systems."

"Eagle remains committed to delivering the most innovative solutions to address ever-changing client and market needs, and our year-over-year investment in our products is one of the key reasons we're known as an industry leader," said John Lehner, chief executive officer and president of Eagle.  "With many of the changes being introduced in V10.0, particularly the enhancements around IFRS support, Eagle's investment accounting solution is one of the most functionally-rich offerings available."

Functional enhancements in V10.0 were based on a number of factors, including input from clients, supporting additional needs for globalization, and providing the necessary support for changing industry regulations. New functionality has been added across all of Eagle solutions including these highlights:

• Data Management offers new updates including support for increased types of reference data, and quality investment which resulted from benchmark testing. This release expands support for various types of reference data as well as streamlines the workflow for corporate actions. Additionally, improvements to workflow and user flexibility were made to provide clients with an enhanced user experience and ease of use.  
  • Information Delivery, a component of the data management solution providing capabilities for reporting and dissemination of information, has been augmented to increase efficiencies for creating and delivering reports. V10.0 introduces an Eagle Mart, an information delivery platform that includes a preconfigured data mart and packaged reports offering users faster speed to delivery and the benefits of shorter project timelines. With packaged reports, users are able to select look and feel and can combine the reports with a table of contents for streamlined creation.
• Investment Accounting contains many enhancements, including increased support and further integration for derivatives instruments, support for compliance with IFRS, enhanced capabilities for operational reports, and further development to mutual fund accounting in the areas of expense processing and payments. This release also supports additional NAIC regulatory changes for investment schedules and expanded reporting.
• The Performance Measurement suite has been enhanced to support client needs in the areas of GIPS® 2010, globalization and scalability. In preparation for GIPS 2010, enhancements streamlined the workflow to support maintenance of composites. Additional standard reports were added to augment verification support. To address the trend of increased globalization of our client base, a "Karnosky and Singer" style multicurrency attribution method was added to the attribution module to support currency management analysis.

"We are proud to offer products that are truly Web-based, via install, hosted service, or through outsourcing. Coupled with our functionality, these deployment options distinguish Eagle from all other investment management solutions in the market today," said Lehner.

Eagle Investment Systems LLC, a subsidiary of BNY Mellon, is a global provider of financial services technology.  Eagle provides leading-edge technology and services for data management, investment accounting and performance measurement.  Eagle's product suite is offered as an installed application or can be hosted via Eagle ACCESS(SM), Eagle's ASP offering.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services.

BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.3 trillion in assets under custody and administration, $1.1 trillion in assets under management, services $12 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at www.bnymellon.com.

SOURCE Eagle Investment Systems LLC